Financial turmoil in Asia will hit California's economy far harder than the rest of the United States, the chairman and chief executive officer of BankAmerica Corp. predicted.

"What affects the U.S. could affect us doubly," said BankAmerica chairman David Coulter in a recent speech.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.